Reliance Infrastructure (RInfra) has signed the concession agreement with Government of Maharashtra for the second line of Mumbai Metro Rail Project on BOT basis, for a concession period of 35 years with an extension clause of another 10 years.
RInfra, part of the Reliance Anil Dhirubhai Ambani Group would be executing this project in a consortium comprising Reliance Communication and SNC Lavalin lnc, Canada. The project has been awarded by the Government for undertaking the development of Mumbai Metro line - II, pursuant to an international competitive bidding process under a PPP framework.
The total estimated cost of the project is Rs. 11000 crore out of which Rs. 2298 crore will be provided by the Government as grant. With this investment, Rlnfra would be committing more than Rs. 13,500 crore for the Mumbai metro rail sector.
Source :www.biginfotech.in
RInfra, part of the Reliance Anil Dhirubhai Ambani Group would be executing this project in a consortium comprising Reliance Communication and SNC Lavalin lnc, Canada. The project has been awarded by the Government for undertaking the development of Mumbai Metro line - II, pursuant to an international competitive bidding process under a PPP framework.
The total estimated cost of the project is Rs. 11000 crore out of which Rs. 2298 crore will be provided by the Government as grant. With this investment, Rlnfra would be committing more than Rs. 13,500 crore for the Mumbai metro rail sector.
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